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TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC), chipmaker to Apple Inc and Huawei Technologies Co, has reported a 91% rise in earnings after demand for advanced silicon remained steady during the pandemic.
THE contraction in China’s foreign trade is set to continue through the second quarter, as global demand remains depressed by measures to curb the ongoing coronavirus outbreak.
THE ‘Perfect Storm’ – a trio comprising the US-China trade war, plummeting oil prices, and Covid-19, is truly testing the resilience of global economies. The current Covid-19 pandemic has almost frozen major economies around the world.
THE weeks have passed by in a flash since the outbreak of the Covid-19 pandemic. Companies have had to endure much unpredictability and distress in a short span of a little over a month as they cope with supply chain disruptions, cost increases, a plunge in demand and revenues and uncertainty about their sustainability.
From the time tensions over trade between the United States and China began in 2018, China’s furniture exports to the United States became subject to tariffs of up to 25% by 2019, prompting many manufacturers to shift their positions to set up factories in Malaysia, followed by numerous buyers who have transferred orders to Malaysia.
PEER-to-peer (P2P) lending has seen robust growth over the last three years as businesses turn to these platforms as an alternative means to raise funds for working capital.
KUALA LUMPUR: Invest KL Corp said the current investment and economic climate is “certainly not business as usual, not when companies tell employees to go on leave or take a pay cut”.
CHINA Construction Bank Corp., the nation’s second-largest lender, reported a 5% increase in profit last year, improving its buffer against a potential surge in credit losses as the coronavirus outbreak halted the world’s second-largest economy at the start of 2020.